THE QUANTIFICATION OF THE FISCAL IMPACT OF THE SOCIAL TAXES AND CONTRIBUTIONS LEVIED ON EMPLOYED LABOR ON SMALL AND MEDIUM SIZED ENTERPRISES. IT’S ROLE AS A TOOL OF ECONOMIC COMPETITIVENESS

Antoniu Predescu, Iuliana Predescu, George Horia Ionescu and Ruxandra Vilag
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Antoniu Predescu: Spiru Haret University, Romania
Iuliana Predescu: Romanian – American University, Romania
George Horia Ionescu: Romanian – American University, Romania

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2009

Abstract: In the actual world economic framework, in which the financial crisis is running at full steam, and is being felt, not in the least, by the small and medium enterprises, the fiscal impact of the social taxes and contributions levied on employed labour (id est, on employed labour income) is of the outmost importance, for the management of such firms. In this paper we intend both to quantify the amplitude of this particular impact, through the use of the index known as Implicit Tax Rate on Labour, and to highlight the main measures needed to be adopted, if the management of small and medium enterprises is to diminish the possible or probable negative effects of this type of fiscal impact, impact which is punctuated by the Implicit Tax Rate on Labour index. For the emphasizing of the main features of the managerial strategy needed to be adopted in this case, we use the strategy of pointing up this particular type of fiscal impact on the small and medium enterprises of Romania, given its quality of being part of the European Union.

Keywords: fiscal impact; implicit tax; small and medium enterprises (search for similar items in EconPapers)
JEL-codes: E24 E62 H32 (search for similar items in EconPapers)
Date: 2009
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